Aneel determines recalculation of payments for unavailability of Parnaba I, Parnaba III and Pecm II

Rio de Janeiro, November 11, 2015 ENEVA S.A. In Judicial Recovery (ENEVA or Company)
(BM&FBOVESPA: ENEV3, GDR I: ENEVY), pursuant to the Notice to the Market disclosed on September 9,
2014, informs hereby to its shareholders and the market in general that on a board meeting held yesterday,
Aneel Brazils National Electric Energy Agency determined that CCEE Brazils Electric Energy Clearing House
recalculates, since the start of operations until July 2014, the reimbursements due to unavailability of Parnaba
I OCGT, Parnaba III OCGT and Pecm II TPP using a 60-month rolling average availability methodology. The
difference between the amounts calculated by this methodology and the ones already paid will be refunded
to the plants.
Since August 2014, Parnaba I, Parnaba III and Pecm II have been recording their unavailability in accordance
with a Federal Court ruling, which determined using a 60-month rolling average for unavailability calculations,
as provided for in the PPAs Power Purchase Agreements signed by the plants.
The Company will keep its shareholders and the market informed on the developments related to the matters
of this Notice to the Market.

Ricardo Levy
Executive Vice-President and Investor Relations Officer
ENEVA S.A. In Judicial Recovery

ABOUT ENEVA
ENEVA is a power generation and trading company, with complementary businesses in natural gas exploration and production. The
Company currently has 2.2GW of gross installed capacity, which places it among the largest private power generation companies in
Brazil. ENEVA also owns an interest in natural gas onshore blocks in the Parnaba Basin.
Investor Relations:
Rodrigo Vilela
Carlos Cotrim
+55 21 3721-3030
ri@eneva.com.br
ir.eneva.com.br
Press:
Marina Duarte +55 21 3721-3373 / + 55 21 98132-0459